ByteBrief
We're a portrait publication through and through. Turn your phone back and your briefing picks up right where you left it.
(We tried widescreen once. It wasn't us.)
Apollo Global Management CEO Marc Rowan announced a $350 million investment in new software systems and infrastructure to improve private credit liquidity. The company plans to implement daily NAV disclosures and eliminate legacy systems over the next 24 months, with full custody and settlement capabilities targeted for 2027.
Tap to vote and see what everyone thinks.
Summary by ByteBrief

Software Debt Wall Hits $300 Billion in 2028
Alpha Compute Secures $31.9 Million Loan

Filings: Oracle is selling $10B in common stock and $10B in bonds, as it rushes to line up financing to pay for its data center buildout; ORCL falls 5%+ (Kelly Cloonan/Wall Street Journal)